Ely Real Estate Market

Ely Market

The median sale price for homes in Ely over the last 12 months is $78,000.


The median mortgage debt is $51,793.

Additional Statistics for Single Family Homes and Condos in Ely, MN
$224,900
Median Listing Price
218
Median Days on Market
185
Active Listings
2.2%
Distressed Listings
(foreclosures and short sales)
Ely, MN Price Trends - Sold vs. Listed
The median list price in May for single family homes in Ely is $224,900. The list prices increased by 11.08% from the previous month.

The price per square foot for listings in this area is $214.

The median sale price in February for single family homes is $40,000. The sale prices dropped by -73.68% from the previous month.

The price per square foot for sales in this area is $130.

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Ely, MN Market Inventory Trends

The number of active listings in Ely increased by 10.1% from the previous month.

The median number of days active properties have been listed is 218. This is much longer than the national average.

The number of sales in February dropped by 66.7% from the previous month.

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Ely, MN Property Ownership

The percent of owner occupied properties in Ely is 11.27% below the national average.

The percent of rental properties in Ely is 12.18% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.